An Analytical Study on Financial Implication of Lifestyle-Based Subscription Services on Individual Budgeting

Abstract

In the digital era, lifestyle-based subscription services such as entertainment streaming platforms, online fitness programs, learning applications, and food delivery services have become an integral part of everyday life. While these services offer convenience and enhanced user experience, their recurring nature has significant implications for individual budgeting and financial planning. This study, titled “An Analytical Study on Financial Implication of Lifestyle-Based Subscription Services on Individual Budgeting,” aims to examine the impact of subscription-based spending on monthly budgets, spending behaviour, and financial awareness. Using a descriptive and analytical research design, primary data are collected through structured questionnaires to assess subscription usage patterns, expenditure levels, tracking practices, and perceived value for money. The study also tests whether tracking subscription expenses improves money management and whether such spending affects monthly budgets. The findings are expected to highlight the growing influence of automated recurring payments on personal finances and emphasize the need for greater financial awareness and effective budgeting in a subscription-driven economy.

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